HSBC informal over draft charges.

[JiveBunny]

I have been getting stung for OD charges now ever since I lost my permanent job. (Been in and out of work agency since).

My account is now £140 in debt was £118 but I had to pay my phone bill to get the restriction lifted.

I sign on Thursday, paid on Tue £100. Account will still be in debt and I will still have no money in my pocket for fuel etc. Forcing me to OD even more.

It is getting nigh-on impossible to get out of this BS. I have one shift on Sunday then Wed - Sat £6.19 an hour probably will be paid for the Sunday next Fri and the rest on the 29th. Unsure of any more work beyond next week if that even comes off so I will not be informing DWP feel free to report me.


If I ring the bank, premium number which is why I am asking what are the chances they will waiver the recent charges if I tell them the truth they are causing me hardship?
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When I ride, I feel as if I transcend consciousness and enter a different dimension full of instinct.

[JP7]

My brother had the same problem with HSBC, the fee for dropping into an informal overdraft is £25 a throw. They kept banging these on him and he ended up paying them £125 one month. Hardly a way of helping people get out of trouble! He asked them for an arranged overdraft... and they said no. He pleaded hardship and they wouldn't remove the charges.

I'm sure I read somewhere that they will waive the charges if those will force you into complete hardship. If their fees are more than you're receiving in benefits, then you've got a good case!

I will see if I can find the information I was reading a few months back.

Incidentally, my brother moved banks to NatWest who happily gave him an overdraft, and he is now sorted out. Dealing with HSBC was a truly miserable experience for me also, and I've now moved all my accounts to First Direct, who are fantastic (and ironically part of the HSBC group!). Vote with your feet.

[JiveBunny]

Ok thanks bottom line is I was not prepared to be made redundant I have too many monthly out goings and just not getting enough work. JSA is peanuts I can barely scrape by one month to next.

My life is on complete hold because I have no money to do anything about it extremely frustrating.

I will give them a call and see how they can help me if they don't play ball I will simply walk away from the debt and open an account elsewhere. See what they think about that.
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When I ride, I feel as if I transcend consciousness and enter a different dimension full of instinct.

[JP7]

Sorry, I'm struggling to find it. If you Google "HSBC informal overdrafts" there are a lot of forums discussing it, including Moneysavingexpert and Consumer Action Group. HSBC seems to be singled out as one of the worst banks for this kind of behaviour.

Speak to HSBC, but if you don't get any joy with them, it's worth speaking to Citizens' Advice.

Hope that helps a little, good luck getting it sorted out.

[multijoy]

I had this issue a some years ago. I simply stopped using the account - I was lucky that I had an employer who were happy to pay me cash for a while. I then opened an account with the then-woolwich, who were happy to take on a lowlife, debt-ridded wastrel like me with a standard account with no credit facilities.

I walked away from HSBC and they eventually stopped sending me letters, and the account eventually dropped off my credit file.

With the absence of sensible, basic accounts these days, see if you've a local credit union who might be a little less likely to generally rub salt into the wound.

tl;dr HSBC can kiss my hairy, ginger arse. Walk away and ignore their letters until such time as they send you a summons.
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'11 CBF1000A, '99 C90, '98 CB500
silky666: He rode amazingly well considering his bike is the weight of a small van and had slicks on.

[JiveBunny]

Walking away (for now) looks to be my only option I phoned them ching chang wong lady put me through to the financial department.

I was talking to a snotty nosed patronising middle class stuck up bitch I explained my situation her reply was that I have a £100 pending chrage going out on the 25th.

Asked if it could be waived she said no.

Then I told her I will just simply not be able to afford to pay so we did an assessment twenty minute waste of time. Told her all my monthly out goings etc and I am starting a job next week but do not know how long it will last.

I have to send a letter (I do not have) confirming I will have a £6.19 an hour income before I am eligible for a payment plan. I told her again it is an agency and this isn't going to happen she turned around and said well we can not help you then sir.

I hung up.

Will I be able to open an account at Barclays with being in debt at HSBC? Also how long does it usually take? I sign on Thursday so will need to update my payment info.

I will be able to afford to pay HSBC back with a few weeks of work I do not want to be black listed and not be able to get a mobile contact etc.

My only other option to get cash fast is sell my phone (GS2) and buy a shite one due for an upgrade in July anyway.
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When I ride, I feel as if I transcend consciousness and enter a different dimension full of instinct.

[LockyUK]

get a job then! do not moan because YOU borrowed money thus ACCEPTING there terms and conditions, i will never understand why dole heads are allowed to borrow money! as for "starting a job" you will not last long, probably doing a work trial as i am in doubt you have the relevant MINERALS! to get through any sort of interview, your mrs looks like a wet camels arse! and yes do the doley way cash generator your phone, before you worry about a new phone contract GET A STEADY JOB FFS!

lastly, i hope they rape you

[charlie74]

[JiveBunny]

[multijoy]

[Derivative]

140 quid?

Is there no-one you can borrow the money from to sort this out?

That is probably the best way out, given that it's not a mind-shattering sum. Friends, family?

[charlie74]

im not jumping on the hate bandwagon ( its more of a runaway train now )

quite simply you didnt need to have the restriction on your phone lifted, instead of paying the £22 or whatever, you could have gotten a pygo from tesco etc for £10 with free credit.
sold your s2 and still been contactable by the agency's for work.
what about selling your bikes? if you cant afford to put fuel in them whats the point having them sit there? let alone paying for the repairs and upkeep on them?

[charlie74]

ohh, on a side note if you find you cant get a bank accout from the highstreet banks etc,

i belive the post office have accounts specifically aimed at those on benefits, with poor credit history etc, comes with a debit card etc

but you shouldnt have too much trouble getting a regular account

[JiveBunny]

[Derivative]

[cimbian]

Mobile phone is a bloody luxury IMHO and it smokes my kipper when I think I am one of the working ones paying for bleedin' luxuries!

Values are all screwed in my opinion. why should the state stop your debts rising? If the OD continues to rise, tough. Deal with it when you get into work.

How are you accessing the web? Unless it is through a terminal at the library or job centre sell it to pay your debts IT IS ALSO A LUXURY!!!
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22PlusY
Current: Moto Guzzi 1100 Breva. Previous: Honda XL650V TransAlp
Bearded, Balding, Born again Buddhist Biker

[JiveBunny]

[Derivative]

[Derivative]

[Kol]

I had a similar experience with HSBC some years ago. Natwest is also crap for the same reasons. In the end I just paid off the debts (student ODs) and don't use the bank accounts anymore. Barclays are by far the best and now they get all the benefits of being my sole bank, with several accounts with them.

Don't listen to the haters and the BS posts in this thread mate, mostly just trying to get a rise out of you or blow off some steam from a shit day at work or some ill harboured hatred of god knows what. My advice would be to open up an account with Barclays tomorrow with an agreed OD of £250 (assuming they'll grant you that) and pay off your HSBC debt with that. You'll pay interest on the Barc OD but at least you won't incur anymore bullshit charges and it'll give you time to pay back the debt. I wouldn't walk away from the debt it may come back to bite you in the ass.

Also, have you tried going into the bank to speak with them in person? For cheap calls get the uk landline number from the 'say no to 0870' website

[JiveBunny]

[cimbian]

[JiveBunny]

[LockyUK]

[LockyUK]